7 Economists and Real Estate Pros on What to Expect in the Housing Market this Spring
2022 saw higher home prices and higher mortgage rates that sidelined many buyers. So what’s in store for spring 2023?  Here are more predictions from pros. Gen Z is Coming for the Housing Market 

With technology and know-how that previous generations could have only dreamed of at their age, a growing number of Gen Zers are turning to real-estate investing as an escape from the traditional 9-to-5.

What’s Ahead for Home Prices in 2023

Over the past year, home prices have been a widely debated topic. Some have said we’ll see a massive drop in prices and that this could be a repeat of 2008 – which hasn’t happened.

Many speculate that when the Fed increases interest rates mortgage rates follow. Well the truth is, this is not the case. The Fed did increase interest rates by .25 however the Fed Funds Rate is not a mortgage rate. This increase by the Fed was anticipated and already factored into the mortgage rate market. Mortgage rates move in anticipation of the Fed’s next steps. After this week’s Fed meeting, Fed Chair Powell spoke about the impact of the recent bank drama on lending and how we can expect to some tightening. If banks start to reduce lending programs and make qualifications stricter, there is downward pressure on inflation. The market responded to these remarks and mortgage rates improved by roughly .25%.